Value of 1956 Japanese Yen today

¥46,170,000,000 in 1956

¥279,236,843,572.04 in 2021

The inflation rate in Japan between 1956 and today has been 504.8%, which translates into a total increase of ¥233,066,843,572.04. This means that 46,170,000,000 yen in 1956 are equivalent to 279,236,843,572.04 yen in 2021. In other words, the purchasing power of ¥46,170,000,000 in 1956 equals ¥279,236,843,572.04 today. The average annual inflation rate has been 2.76%.

Inflation timeline in Japan (1956-2021)

The following chart depicts the equivalence of ¥46,170,000,000 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (JPY) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1956-2021) 505.18%
Total Inflation* 504.8%
Annual inflation avg. (1956-2021) 2.81%
Annual inflation avg.* 2.76%
CPI 1956 16.71
CPI 2021 101.1
CPI today* 101.04
¥1 in 1956 ¥6.05 in 2021

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: FV = PV (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ¥46,170,000,000 worth today. There are 65 years between 1956 and 2021 and the average inflation rate has been 2.7644%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ¥46170000000 * (1 + 0.03)65 = ¥279,409,824,564.76

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1956 was 16.71 and the CPI today is 101.04. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ¥46,170,000,000 *
101.1/16.71
= ¥279,409,824,564.76

Japan inflation - Conversion table

Initial Value Equivalent value
¥1 yen in 1956 ¥6.05 yen today
¥5 yen in 1956 ¥30.24 yen today
¥10 yen in 1956 ¥60.48 yen today
¥50 yen in 1956 ¥302.4 yen today
¥100 yen in 1956 ¥604.8 yen today
¥500 yen in 1956 ¥3,024.01 yen today
¥1,000 yen in 1956 ¥6,048.01 yen today
¥5,000 yen in 1956 ¥30,240.07 yen today
¥10,000 yen in 1956 ¥60,480.15 yen today
¥50,000 yen in 1956 ¥302,400.74 yen today
¥100,000 yen in 1956 ¥604,801.48 yen today
¥500,000 yen in 1956 ¥3,024,007.4 yen today
¥1,000,000 yen in 1956 ¥6,048,014.81 yen today

Value of Yen over time (by year)

Period Value
1956 46,170,000,000
1957 47,435,635,303.26
1958 48,296,250,727.29
1959 48,397,512,606.34
1960 49,410,020,848.95
1961 51,181,882,636.53
1962 55,788,773,030.81
1963 58,522,512,121.48
1964 61,637,669,114.11
1965 64,531,149,924.46
1966 68,703,117,231.78
1967 71,731,162,476.92
1968 75,768,565,349.45
1969 78,729,342,195.68
1970 83,776,075,058.6
1971 89,820,171,101.43
1972 94,242,087,217.2
1973 99,493,112,604.66
1974 117,733,516,582.19
1975 142,606,794,733.35
1976 153,661,585,022.76
1977 169,967,400,699.63
1978 178,534,863,173.92
1979 185,444,107,104.8
1980 195,946,157,879.74
1981 210,041,015,498.74
1982 219,161,217,487.5
1983 223,583,133,603.26
1984 227,452,310,204.55
1985 233,532,444,863.72
1986 236,848,881,950.55
1987 236,019,772,678.84
1988 237,954,360,979.49
1989 240,441,688,794.6
1990 246,798,193,211.01
1991 255,918,395,199.77
1992 262,827,639,130.65
1993 265,867,706,460.24
1994 268,631,404,032.59
1995 270,289,622,576
1996 269,184,143,547.06
1997 270,842,362,090.47
1998 275,817,017,720.71
1999 277,475,236,264.12
2000 274,435,168,934.53
2001 273,329,689,905.59
2002 270,013,252,818.77
2003 269,184,143,547.06
2004 268,078,664,518.12
2005 268,631,404,032.59
2006 267,525,925,003.65
2007 268,355,034,275.36
2008 270,289,622,576
2009 271,395,101,604.94
2010 266,696,815,731.95
2011 265,867,706,460.24
2012 265,314,966,945.77
2013 264,762,227,431.3
2014 269,184,143,547.06
2015 275,540,647,963.47
2016 275,817,017,720.71
2017 276,646,126,992.41
2018 279,686,194,322
2019 280,515,303,593.7
2020 282,726,261,651.59
2021 279,409,824,564.76
Today 279,236,843,572.04